Podcast #192 Show Notes: Is Your Financial Plan Reasonable? We often tell people having a written investing plan is crucial to their financial success. That requires that the investing plan first be reasonable. There are lots of portfolios out there that simply are not reasonable. That was the point behind my famous 150 Portfolios Better than Yours post. There is ...

I’m not sure if the prevalence of “Why bonds?” and “Should I use a 100% stock portfolio?” threads on internet forums is inversely correlated with future stock market returns, but it wouldn’t surprise me. I do know that I didn’t see very many of them in late 2008.  I’m seeing a ton of them now, so it is probably time ...

Podcast #181 Show Notes: Evidence-Based Investing with Larry Swedroe Practicing evidence-based medicine is important to physicians, looking at data and changing our practice according to it.  Due to this, you will really appreciate our guest in this episode, Larry Swedroe, who has been a proponent of evidence-based investing for a long time.  His teachings have affected me over the years ...

Anytime the stock market goes down, people start talking about “dry powder.” Dry powder is a reference to a habit among frontiersmen, soldiers, and sailors to keep some of your gunpowder in a dry location, because wet gunpowder doesn’t work. So dry powder is what you pull out when you’re attacked right after a downpour. When applied to financial markets, ...

[Update for 2020: This post originally ran in January 2014. Since then it has been one of the most popular posts on the blog (2nd actually, just behind The Backdoor Roth IRA Tutorial and ahead of a Whole Life Insurance Post). There were really two points to writing the post: To help new investors realize there is no perfect portfolio ...

For the first time in many years, we made some significant changes to our asset allocation this year. This is not something we do lightly nor frequently and we try not to do it in response to changes in the markets. These changes are changes we have been thinking and talking about for literally years and put down in writing for ...

[Editor’s Note: Today’s WCI Network post is from The Physician on FIRE and addresses a common question that newly financially literate people often have, what to do with “suboptimal” or “legacy” investments. It can be difficult to decide whether to sell, keep, or give away these assets. In this post, POF walks us through his thinking on the topic.] If ...

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